Beyond Meat is Careening Toward Bankruptcy

Chris Menahan
Aug. 11, 2022

Beyond Meat, the Bill Gates-backed maker of various beyond disgusting fake meat products, appears to be careening towards bankruptcy as its stock has plummeted over 70% in the past year.

From Market Watch, "Beyond Meat’s cash burn is putting the stock at risk of falling to $0, warns New Constructs":
Beyond Meat is the latest addition to the list of “zombie stocks” compiled by independent equity research firm New Constructs.

The research firm, which uses machine learning and natural language processing to parse corporate filings and model economic earnings, warns that Beyond Meat Inc. BYND, -0.30% has a high risk of declining to $0 a share.
“Beyond Meat must dramatically cut costs and lower its cash burn, or it will go bankrupt,” wrote New Constructs CEO David Trainer, in a note released on Tuesday. “Companies with heavy cash burn and little cash on hand are risky in any market, but especially now.”

Shares of Beyond Meat have fallen 47.8% in 2022 and 72.2% over the last 12 months, compared to declines of 13.2% and 6.4%, respectively, for the S&P 500 index SPX, +2.13%.
Reviewbrah, America's foremost expert on fast food, declared Beyond Meat's chicken nuggets at KFC "inedible" back in January.

The stock has never recovered.

Follow InformationLiberation on Twitter, Facebook, Gab, Minds and Telegram.

All original InformationLiberation articles CC 4.0

About - Privacy Policy